I assume it was a typo but why cant they acquire Real Estate Worth 6 Million? And it is obvious that no ICO will raise 6 bln.... I think that Vitaliks advise fits to every ico that invests. If you develop an App you do Need more than a hardcap but for Investments ? Sky is the Limit !
No, it wasn't a typo. Transaction volume in Berlin is around 6 billion per year. That's why I said that even if they could raise that much (which they couldn't), it would also be impossible for them to invest it. So they should set a reasonable cap based on the max they think they could actually invest over a certain period of time.
My guess is that they are probably capable of investing more than they'll actually raise, but a cap helps with the optics of not being "unlimited". Just set it to a number that's reasonable based on their resources as an investor.
From an operational perspective, it shouldn't have an impact, but it could help raise money.
Hey Panorama,
actually Berlin real estate volume was close to 25 billion USD in 2016.
The great thing about the Berlin real estate market is that you can acquire a flat for refurbishment for 80k but also a residential portfolio for 300 million, we do have a big team of real estate experts and a huge network of professionals so you can rest assured we can invest everything we raise in the ICO into a very diversified portfolio.
Putting the funds to good use is one of the key factors in investing, that means sourcing the best deals is key and it is the reason why we are far far ahead of other real estate ICOs that don´t even have experience in the real estate sector.
Thanks for the clarification. In my earlier post, I mentioned that I was referring to just the commercial side. I should have been more clear in my follow up as well.
Do you have a sense of how much you could actually invest per year based on the size of your team and investment strategy? No matter how much confidence I have in your team, there are still limits to what you're capable of doing in a single year.